Matching concept

Matching concept

The accounting principle that requires the recognition of all costs that are associated with the generation of the revenue reported in the income statement.

Accrual Accounting

A system of accounting that recognizes revenue and matches it with the expenses that generated that revenue. Unlike other systems of accounting, which recognize revenue and expenses in the order in which they are received, the accrual accounting convention ignores the function of time and only considers what expenses generate what revenues, even if payments have not actually been made. Companies with inventories are required to use the accrual method for tax purposes.

Earlier this year, the firm launched Star Banks Adventure, an online game and mobile app designed with a matching concept that reinforces learning, while engaging kids in an epic adventure to save the galaxy from financial chaos.

This innovative food matching concept was designed to allow leading figures in gastronomy, such as Andreas Antona at Simpsons, to present exclusive, unique menus to compliment the new Vintage of Dom Perignon 2003.

As its tradition, the text is still transaction(journal-entry-) based, but it advances an understanding of the matching concept, deferrals and accruals, and their critical role in the adjustment process.

org), a New York-based business investment and development alliance, examined national matching services like ACE-Net and concluded, "The computer matching concept has proven to be a limited resource in terms of actually linking entrepreneurs with sources of capital.

After carefully considering the IRS's argument that the matching concept was violated by the taxpayer's treatment, the court held that the IRS had abused its discretion in attempting to upset the taxpayer's method of accounting.

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